2312 Orleans Street
Bellingham, WA 98229
$1,190,000
Price
7
Beds
4
Baths
3,456 Sq. Ft.
$344 / Sq. Ft.
3,456
Sq. Ft.
$344
per Sq. Ft.
Listing provided courtesy of Keller Williams Western Realty
Description
Investment opportunity at 2312 Orleans St, Bellingham! This well-maintained 4-unit apartment building in a central location offers future development potential for up to four more units on the back of the lot. A great option for cash flow while you develop. Location allows easy access to shopping, restaurants, entertainment, and freeway connections. Building has three spacious 2-bed, 1-bath units, one 1-bed, 1-bath unit, and an on-site coin-op laundry. Current rents are below market with a potential...Investment opportunity at 2312 Orleans St, Bellingham! This well-maintained 4-unit apartment building in a central location offers future development potential for up to four more units on the back of the lot. A great option for cash flow while you develop. Location allows easy access to shopping, restaurants, entertainment, and freeway connections. Building has three spacious 2-bed, 1-bath units, one 1-bed, 1-bath unit, and an on-site coin-op laundry. Current rents are below market with a potential of $1,700-$1,900/month. Ideal for serious investors looking to grow ROI. Buyer to verify future development.
- Listed by Anthony Zapata • Keller Williams Western Realty
- Listed by Ben Kinney • Keller Williams Western Realty
Property Details for 2312 Orleans Street
Community Name
Bellingham
School DistrictBellingham
ViewTerritorial
Number of Assigned Spaces5
Total Covered Parking0
Entry Date09-13-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 09/13/2024 12:28 PM
Property Details for 2312 Orleans Street
| Status | Active |
|---|---|
| MLS # | 2290647 |
| Days on Market | 52 |
| Cumulative Days on Market | 101 |
| Taxes | $6,741 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1973 |
| Lot Size | 0.23 AC / 10,019 SF |
| County | Whatcom County |
Building Information for 2312 Orleans Street
Stories2Residences4Year Built1973Building Size-Lot Size0.23 AC / 10,019 SF
Property Information for 2312 Orleans Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Deck, High Speed Internet
- Area: 860 - Bellingham
- Block: 307
- Directions: West on Alabama St. Left on Orleans. Building is near end of street on the left.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 5.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Description: Brivity Photo Tour
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Carpet
- Features: Laminate, Wall to Wall Carpet
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3600
- Power Company: PSE
- Sewer Company: City of Bellingham
- Water Company: City of Bellingham
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 19
Lot Information
- Lot Details: Paved, Sidewalk
- Lot Number: 7-8
- Lot Size Source: Realist
- Parcel Number Free Text: 3803201680080000
- Building Condition: Very Good
- Calculated Square Footage: 3456
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3456.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $360
- Total Expenses: 11701
- Gross Adjusted Income: 71700
- Gross Rent Multiplier: 17
- Gross Scheduled Income: $71,700
- Insurance Expense: $1,000
- Net Operating Income: $60,000
- Other Expenses: $0
- Total Monthly Income: 5975
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 864
- Rent Unit 1: $1,350.00
- Bedrooms Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 864
- Rent Unit 2: $1,500.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 864
- Rent Unit 3: $1,500.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: D
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 864
- Rent Unit 4: $1,500.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3456.0
- Leasable Area Units: Square Feet
Property History for 2312 Orleans Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2312 Orleans Street
Taxable ValueLand$323,593Additions$542,810Total$866,403
Tax Record2024$6,736 ($561 / month)
Home Facts
Baths1Total Finished SqFt3,456 SqFtAbove Ground SqFt3,456 SqFtLot Size10,001 SqFtStyleQuadraplexYear Built1973ZoningRM2L5CountyWHATCOMAPN380320 168008 0000
Schools near 2312 Orleans Street
This home is within Bellingham Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 2 to 9 |
Rating | School | Distance |
|---|---|---|
Sunnyland Elementary School PublicPK to 5 | ||
Whatcom Middle School Public6 to 8 | ||
Bellingham High School Public9 to 12 | ||
Whatcom Discovery Public2 to 9 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Keller Williams Western Realty
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
